Overview
What is Wisconsin Foundation For School Musicinc?
Wisconsin Foundation for School Musicinc is a nonprofit organization with a mission to promote and perpetuate music education in Wisconsin's schools. Based in Waunakee, Wisconsin, the foundation offers support to the Wisconsin School Music Association (WSMA) to increase youth involvement in music education. The foundation administers four endowments, namely the Honors Endowment, Mike Leckrone Endowment Fund, Al Jarreau Endowment Fund, and an Unrestricted Endowment. These endowments are utilized to keep the WSMA State Honors Music Project affordable, support students and teachers at the WSMA State Marching Band Championships, assist Milwaukee Public Schools students in statewide music programs, and support various foundation programs, partner organizations, and operating expenses, respectively. The foundation's activities contribute to carrying out the educational and charitable purposes of the WSMA, thereby enhancing music education in Wisconsin schools.
Official website here: www.foundation4schoolmusic.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating. The Wisconsin Foundation for School Musicinc has received a commendable Three-Star rating, indicating a moderate level of accountability and finance management. This score is based on their performance in the Accountability & Finance beacon, reflecting the organization’s transparency and prudent fiscal practices.
The organization excels in several areas, such as having a fully independent board and no material diversion of assets. They also have solid scores for their whistleblower policy, document retention, and board meeting minutes, showcasing a commitment to responsible governance. Additionally, their liabilities to assets ratio is very low, which suggests sound financial health.
However, there are notable gaps in their governance practices, particularly the absence of a conflict of interest policy, which has affected their overall Accountability & Finance score. Furthermore, their program expense ratio of 57.77% indicates that a relatively smaller portion of their budget is allocated to programs compared to administrative costs, which could be a concern for potential donors looking for effective fund usage.
This AI summary has been generated from information found on Charity Navigator.
Is Wisconsin Foundation For School Musicinc legitimate?
Wisconsin Foundation For School Musicinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Foundation For School Musicinc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $15,965
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,091
For more financial information, click here
Official website here: www.foundation4schoolmusic.org/
What is the mission statement of Wisconsin Foundation For School Musicinc?
The Wisconsin Foundation for School Music's mission is to promote and sustain music education in schools across the state. It aims to support the educational and charitable objectives of the Wisconsin School Music Association (WSMA) by providing assistance. The foundation manages four endowments: the Honors Endowment, Mike Leckrone Endowment Fund, Al Jarreau Endowment, and an Unrestricted Endowment. The earnings from these endowments are utilized to keep the WSMA State Honors Music Project affordable, cover costs associated with the WSMA State Marching Band Championships, support Milwaukee Public Schools students in statewide music programs, and fund various foundation programs, partner organizations, and operational expenses, respectively. Overall, the foundation's goal is to enhance music education involvement among youth in Wisconsin.
Official website here: www.foundation4schoolmusic.org/
Who is the CEO of Wisconsin Foundation For School Musicinc?
Rich Appel is the President of Wisconsin Foundation For School Musicinc.
Official website here: www.foundation4schoolmusic.org/
What is the revenue of Wisconsin Foundation For School Musicinc?
Wisconsin Foundation For School Musicinc's revenue in 2022 was $58,851.
Official website here: www.foundation4schoolmusic.org/
Who are the executives of Wisconsin Foundation For School Musicinc and what are their salaries?
There 25 volunteers at Wisconsin Foundation For School Musicinc.
Here are 15 key members and their salaries:
- Compensation: $11,975
- Related: $77,838
- Other: $25,431
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Official website here: www.foundation4schoolmusic.org/
Where can I find the form 990 for Wisconsin Foundation For School Musicinc?
Wisconsin Foundation For School Musicinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation4schoolmusic.org/
Learn more at the official website: www.foundation4schoolmusic.org/
Mission Statement of Wisconsin Foundation For School Musicinc
The Wisconsin Foundation for School Music, as a dedicated organization, works towards promoting and perpetuating music education within the schools of Wisconsin. Its primary objective is to aid in carrying out the educational and charitable purposes of the Wisconsin School Music Association. The foundation's mission is multifaceted, aiming to support and boost the involvement of all youth in music education.
To fulfill this mission, the Wisconsin Foundation for School Music administers four endowments that contribute to the Wisconsin School Music Association (WSMA). One of these endowments, the Honors Endowment, is used to ensure that the WSMA State Honors Music Project remains affordable for students, enabling more participation. Another endowment, the Mike Leckrone Endowment Fund, provides support to students and teachers by covering costs associated with the WSMA State Marching Band Championships.
The Al Jarreau Endowment Fund was established to assist Milwaukee Public Schools students in participating in statewide music programs offered by WSMA. Lastly, the Unrestricted Endowment supports the foundation's programs, partner organizations, rewards excellence in music education, and covers operating expenses. By administering these endowments, the Wisconsin Foundation for School Music plays a significant role in fostering music education within the schools of Wisconsin.
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Impact
August, 2024
The Wisconsin Foundation For School Musicinc supports and promotes music education in Wisconsin schools through various endowments that benefit the Wisconsin School Music Association (WSMA). By administering these endowments, the foundation helps keep the WSMA State Honors Music Project affordable for students, covers costs associated with the WSMA State Marching Band Championships, supports Milwaukee Public Schools students participating in statewide music programs, and provides assistance to various foundation programs, partner organizations, and music education initiatives. The foundation's impact directly contributes to the enrichment of music education opportunities for youth in Wisconsin schools.
This information is meant to be a general summary of Wisconsin Foundation For School Musicinc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,945
- Gross Receipts: $75,811
Assets and Liabilities:
- Total Assets: $417,087
- Total Liabilities: $0
- Net Assets: $417,087
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Organization Details
Phone
(608) 850-3566Principal Officer
Rich Appel
Main Address
1005 QUINN DRIVE, WAUNAKEE, WI, 53597
NTEE Category
Code: I70 - Crime
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